Question 4 (Mandatory) (1 point) The financial statements of a merchandising company will show: the same accounts as the financial statements of a service company. inventory as a current asset on the balance sheet. gross profit after operating expenses on the income statement. cost of goods sold as a contra revenue account on the income statement. Question 5 (Mandatory) (1 point) Another term for gross profit is: O gross income. gross sales. gross operating income. gross margin